Report

Since a well-defined use case will determine the correct services, organizations moving to the cloud should understand where they are, where they need to go, and the best technological path to get there.

Racemi, which specializes in moving business workloads onto and between clouds, snagged $7 million in second-round funding led by Paladin Capital Group and Harbert Venture Partners. The money will fund the expansion of Racemi’s sales, service and engineering efforts.

Verizon announcing plans to buy Terremark for $1.4 billion is a big deal, but I don’t think Terremark will be the biggest winner as a result. Rather, I think Rackspace looks great as the company straddling the line between the MSP and cloud worlds.

Jim Ousley, CEO and Chairman of Savvis is having a great day. Yesterday Verizon agreed to buy a rival for $1.4 billion, and today he has joined a small group of companies that are suddenly sought after as acquisition targets. In response Savvis stock has traded up.